Manhattan Associates, Inc. (NASDAQ:MANH) Given Average Rating of “Moderate Buy” by Brokerages

Manhattan Associates, Inc. (NASDAQ:MANH) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $286.38.

Several research analysts recently weighed in on MANH shares. Truist Financial boosted their price objective on shares of Manhattan Associates from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Robert W. Baird upped their price target on Manhattan Associates from $263.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup boosted their price objective on Manhattan Associates from $257.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. StockNews.com lowered shares of Manhattan Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Raymond James boosted their price target on shares of Manhattan Associates from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd.

Institutional Investors Weigh In On Manhattan Associates

Several hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Manhattan Associates in the 2nd quarter valued at $26,000. International Assets Investment Management LLC acquired a new position in Manhattan Associates in the second quarter valued at about $27,000. DT Investment Partners LLC bought a new stake in shares of Manhattan Associates in the second quarter worth about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Manhattan Associates during the second quarter worth about $31,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Manhattan Associates during the 3rd quarter valued at about $34,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Associates Stock Performance

Shares of NASDAQ:MANH opened at $272.62 on Monday. The business has a fifty day moving average of $279.80 and a 200-day moving average of $252.76. Manhattan Associates has a twelve month low of $199.23 and a twelve month high of $307.50. The firm has a market cap of $16.65 billion, a PE ratio of 77.45 and a beta of 1.52.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings data on Tuesday, October 22nd. The software maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.29. Manhattan Associates had a net margin of 21.38% and a return on equity of 84.55%. The firm had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $262.90 million. During the same quarter last year, the company posted $0.79 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts anticipate that Manhattan Associates will post 3.4 EPS for the current fiscal year.

Manhattan Associates Company Profile

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.